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How much in savings are you allowed before it affects tax credit applications?
jumblejack
Posts: 6,599 Forumite
Hi all
Just trying to google the answer to the above but keep coming up with blanks.
Has anyone any idea what the savings figures are for tax credit applications please?
Cheers
Just trying to google the answer to the above but keep coming up with blanks.
Has anyone any idea what the savings figures are for tax credit applications please?
Cheers
:A Every moment is a gift. That's why we call it the present.!:A
Grocery Spend Weekly Challenge (Sat-Fri):£30.50/£40
Grocery Spend Weekly Challenge (Sat-Fri):£30.50/£40
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Comments
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Tax credits are based on your income so it's not the amount of savings you have, it's the amount of interest you make on those savings. You deduct £300 from the gross interest figure and declare that.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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a quazillion - (but this will change when Universal Credits are introduced)DF
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